KeyCorp Issues Pessimistic Forecast for SiteOne Landscape Supply (NYSE:SITE) Stock Price

SiteOne Landscape Supply (NYSE:SITE) had its price target decreased by research analysts at KeyCorp from $145.00 to $135.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. KeyCorp’s price target would indicate a potential upside of 44.69% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Bank of America decreased their target price on shares of SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Zacks Research cut SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research report on Monday, June 22nd. UBS Group restated a “neutral” rating on shares of SiteOne Landscape Supply in a research note on Thursday, June 25th. Barclays reduced their price objective on SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, SiteOne Landscape Supply has an average rating of “Hold” and a consensus target price of $148.55.

SiteOne Landscape Supply Stock Down 9.8%

NYSE:SITE opened at $93.31 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 0.96. The firm’s 50-day moving average price is $107.39 and its 200-day moving average price is $127.26. The company has a market capitalization of $4.13 billion, a PE ratio of 27.69, a P/E/G ratio of 1.40 and a beta of 1.34. SiteOne Landscape Supply has a 1-year low of $90.07 and a 1-year high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.22). SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the business earned $2.86 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts predict that SiteOne Landscape Supply will post 4.02 EPS for the current fiscal year.

Insider Transactions at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 563 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $115.13, for a total transaction of $64,818.19. Following the sale, the director directly owned 11,829 shares in the company, valued at approximately $1,361,872.77. This trade represents a 4.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SITE. Basecamp Wealth Advisors LLC lifted its holdings in shares of SiteOne Landscape Supply by 219.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 185 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 127 shares in the last quarter. Whittier Trust Co. increased its holdings in SiteOne Landscape Supply by 72.7% in the 1st quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock worth $27,000 after buying an additional 88 shares in the last quarter. Rothschild Investment LLC raised its position in SiteOne Landscape Supply by 1,521.4% in the 4th quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock worth $28,000 after buying an additional 213 shares during the last quarter. IFP Advisors Inc raised its position in SiteOne Landscape Supply by 106.8% in the 4th quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock worth $38,000 after buying an additional 158 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in SiteOne Landscape Supply during the 4th quarter valued at about $42,000.

Key SiteOne Landscape Supply News

Here are the key news stories impacting SiteOne Landscape Supply this week:

• Positive Sentiment: Second-quarter revenue increased 4.7% year over year to approximately $1.53 billion, while EPS rose to $3.14 from $2.86 a year earlier. Management also projected full-year adjusted EBITDA of $425 million to $455 million. SiteOne Landscape Q2 Earnings and Revenues Lag Estimates
• Neutral Sentiment: Robert W. Baird lowered its price target for SITE from $160 to $155 but maintained an “outperform” rating, indicating continued long-term optimism despite weaker near-term results. Robert W. Baird Has Lowered Expectations for SiteOne Landscape Supply Stock Price
• Negative Sentiment: Adjusted earnings of $3.14 per share missed the $3.36 analyst consensus by $0.22, and revenue of $1.53 billion was slightly below the $1.54 billion estimate. The miss suggests that sales growth is not translating into earnings as efficiently as expected. SiteOne Landscape Supply Reaches New 1-Year Low on Disappointing Earnings
• Negative Sentiment: Management cited a 53rd-week calendar headwind and ongoing operating challenges while providing the $425 million–$455 million adjusted EBITDA outlook. Investors appear focused on the possibility that demand pressure, cost issues, or seasonal factors could limit earnings momentum. SiteOne Expects 2026 Adjusted EBITDA While Citing 53rd-Week Headwind

About SiteOne Landscape Supply

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.